API Summit on Saving an Industry in Crisis

A CEO Forum on Corporate Renewal

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Enabled by a generous grant from the McCormick Foundation and funded by API’s J. Montgomery Curtis Memorial Seminar Fund. This one-day forum is by invitation only to industry top-level executives and is capped at 50 participants.

The summit conference will be a discussion on the theory, practice and application of techniques of corporate renewal. Facilitating the discussion will be James B. Shein, Ph.D., a former turnaround CEO for several companies and currently clinical professor of management and strategy at Northwestern University’s Kellogg School of Management. Prof. Shein will lay out for us:

• The predictable path to decline that our industry is taking
• How to determine where an organization is on that path
• Strategies for reversing the decline.

All discussion will be on a non-attribution basis. At the end of the day, participants will have a greater understanding of available tools for engineering the renewal of our industry, and a shared vision of the way forward.

Lunch speaker will be Steve Miller, former CEO of Delphi and best-selling author of The Turnaround Kid: What I Learned Rescuing America’s Most Troubled Companies. He will discuss his successful implementation of corporate renewal strategies at various organizations.

Through the McCormick Foundation grant, virtually all expenses to attend the summit conference are covered, including lodging at the Hyatt Reston Town Center on Wednesday night, Nov. 12; breakfast and lunch on summit day; plus up to $500 reimbursement for travel costs.

Invitees may contact Sarah Decker to confirm their availability.

James B. Shein, Ph.D. is a former turnaround CEO for several companies and is currently clinical professor of management and strategy at Northwestern University’s Kellogg School of Management and part of Kellogg’s Larry and Carol Levy Institute for Entrepreneurial Practice. He teaches Entrepreneurship & New Venture Formulation and Managing Turnarounds. Prof. Shein is also counsel at McDermott, Will & Emery, where his primary areas of practice include corporate financial and operating restructurings, business startups and acquisitions, and fiduciary duties of officers and directors.

Prior to joining the faculty at Kellogg Prof. Shein spent four years as the president and chief executive officer of R.C. Manufacturing and 10 years prior to that as president and chief executive officer of Northbrook Corporation.

Prof. Shein has chaired programs at the Federal Reserve Bank of Chicago on the outlook for the troubled steel, textile and plastics industries, and conducts seminars and workshops on commercial loan structuring and workouts for the Bank Lending Institute and the Banking Law Institute.

His work with corporate directors led to his article, “Trying to Match SOX: Dealing with New Challenges and Risks Facing Directors,” published in The Journal of Private Equity, 2005.

A frequent lecturer and author on corporate renewal, he has been highlighted on National Public Radio programs as an authority on restructuring and downsizing. He was elected by his peers as vice president of the Turnaround Management Association, an international organization of 7,000 turnaround, bankruptcy, and restructuring professionals, and is on its international board of directors.

Prof. Shein graduated with an engineering degree from Purdue University and then earned an M.B.A. and a doctoral degree in organizational behavior from Indiana University. He later received his juris doctor degree, cum laude, from Loyola University of Chicago, where he was lead articles editor of the Law Journal.  His areas of expertise include entrepreneurship (includes small business management), turnaround management, venture capital and private equity.

Steve Miller is former CEO of Delphi and best-selling author of The Turnaround Kid: What I Learned Rescuing America’s Most Troubled Companies. Mr. Miller has also led corporate renewal efforts at Chrysler, Federal Mogul, Bethlehem Steel and Aetna.